Newbie leasing question
Thread Starter
Newbie
Joined: Feb 2007
Posts: 2
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'07 GL 450, '07 Boxster S
Newbie leasing question
Hi All! My wife and I are in the process of buying a GL450. It's our first MB and first SUV. We love the vehicle and can't wait!
As it happens, something always comes up during the process, and we'd like to hear your opinions and advice...
We have identified a car with the options we want, negotiated a one-payment lease deal and a price on our trade-in, and put down a deposit. The car is already produced and currently on a train, estimated to arrive at the dealership mid-week next week. The dealer will install an accessory item and expects delivery to happen next weekend.
Yesterday I received a voice-mail from my salesperson, saying that the deal we negotiated is for February delivery, and since the car is coming at the end of the month and delivered in March, we need to make full payments before month-end. Otherwise, in her words, "the residual value will drop once we cross into March and payments will be higher."
Now this strikes me as strange. I have ordered cars from BMW and Porsche months ahead of delivery and never once was I told that the residual value on the lease will drop with every month elapsed. I suspect it's just a ploy so that the dealership can book the sale for February? But I don't want to do this for my own protection; what if when I inspect the car I see big problems and need to decline delivery?
Any thoughts on this matter?
Cheers!
As it happens, something always comes up during the process, and we'd like to hear your opinions and advice...
We have identified a car with the options we want, negotiated a one-payment lease deal and a price on our trade-in, and put down a deposit. The car is already produced and currently on a train, estimated to arrive at the dealership mid-week next week. The dealer will install an accessory item and expects delivery to happen next weekend.
Yesterday I received a voice-mail from my salesperson, saying that the deal we negotiated is for February delivery, and since the car is coming at the end of the month and delivered in March, we need to make full payments before month-end. Otherwise, in her words, "the residual value will drop once we cross into March and payments will be higher."
Now this strikes me as strange. I have ordered cars from BMW and Porsche months ahead of delivery and never once was I told that the residual value on the lease will drop with every month elapsed. I suspect it's just a ploy so that the dealership can book the sale for February? But I don't want to do this for my own protection; what if when I inspect the car I see big problems and need to decline delivery?
Any thoughts on this matter?
Cheers!
Former Vendor of MBWorld
Joined: Jan 2005
Posts: 583
Likes: 0
From: Cincinnati, OH
If you are this close they should be able to make it work. If nothing else, keep the date of the contract in February and have you sign it when it comes in.
We have to do this on occasion to keep the current residual values as they can change monthly.
We have to do this on occasion to keep the current residual values as they can change monthly.
